Ha Noi leads in developing a knowledge-based economy, deputy director of the Ha Noi Institute for Socio-Economic Development Studies Nguyen Thanh Cong told Thoi bao Kinh te Viet Nam (Viet Nam Economic Times).
Ha Noi wants to remain a centre for politics and administration, culture and economic development for several more decades. Do you think the dream is too ambitious for the city?
Not all capital cities in the world are the major economic centres of their nations – for instance Washington DC in the USA. But Ha Noi has been the national economic centre for many years. So in my opinion it is not ambitious for Ha Noi to want to continue in that role.
We all know Ha Noi has been the focus of heavy investment and has been the economic pillar for the whole country.
With such special economic development, do you think Ha Noi should develop differently from other localities?
Yes, the city's economic development should be different from other localities. It should be geared towards green growth with sustainable development and social security.
To achieve this goal, the application of high technology and knowledge is a must. In other words, if Ha Noi wants to maintain the role of driving force in the country's administration, politics, culture and economics it must speed up the process of knowledge-based economic growth.
Other localities are also pursuing the green growth strategy and knowledge-based economy?
Yes, the knowledge-based economy is a trend nowadays. But I don't think all localities have sufficient conditions to develop the knowledge-based economy. It is a higher level of the market economy, in which the foundation for production of commodities and services is knowledge and, throughout the production process, smart infrastructure is the core.
That's why I think only Ha Noi has all the required conditions to develop a knowledge-based economy. It has an elite contingent of scientific researchers, accounting for about two thirds of those practising around the nation. In addition, there are more research institutes, academies and universities in the capital than in any other locality. So the quality of human resources is high.
That's why I say that in coming years Ha Noi will go along its chosen path of knowledge-based economic development and be a leading city in this field.
Do you think there remain many barriers ahead for knowledge-based economic development?
Knowledge-based economic development is still new for Viet Nam. I have to concede that our economy has not yet developed in depth and the development of policies enabling a knowledge-based economy to operate requires a lot of time. In recent years we have adopted many policies and mechanisms to enable economic development along the line of a knowledge-based economy but we are still behind in practical requirements.
Ha Noi has adopted policies encouraging some sectors, particularly telecommunications and human resources development, to follow the principle of a knowledge-based economy. Yet achievements have been modest because of inadequate infrastructure in transport, communications and others. We also lack good policies to prevent the problem of brain drain.
These are for the Ha Noi leadership to think about so the city will achieve its goal of green growth with a knowledge-based economy. — VNS